Silvia Mccoll Wealth Management LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Silvia Mccoll Wealth Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,656 shares of the exchange traded fund’s stock after purchasing an additional 101 shares during the quarter. Invesco QQQ makes up about 1.0% of Silvia Mccoll Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Silvia Mccoll Wealth Management LLC’s holdings in Invesco QQQ were worth $1,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Natixis Advisors L.P. increased its position in Invesco QQQ by 26.9% during the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after buying an additional 3,418 shares in the last quarter. Gotham Asset Management LLC boosted its stake in Invesco QQQ by 2.2% in the 3rd quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock worth $1,936,000 after purchasing an additional 115 shares in the last quarter. Lazard Asset Management LLC grew its position in Invesco QQQ by 46.2% during the 3rd quarter. Lazard Asset Management LLC now owns 16,155 shares of the exchange traded fund’s stock valued at $5,787,000 after purchasing an additional 5,105 shares during the last quarter. Becker Capital Management Inc. increased its stake in Invesco QQQ by 237.2% during the 3rd quarter. Becker Capital Management Inc. now owns 13,908 shares of the exchange traded fund’s stock valued at $4,990,000 after purchasing an additional 9,784 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Invesco QQQ by 30.8% in the third quarter. Axxcess Wealth Management LLC now owns 67,687 shares of the exchange traded fund’s stock worth $24,250,000 after buying an additional 15,957 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $481.92 on Tuesday. The firm has a 50 day moving average of $454.85 and a 200 day moving average of $436.77. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.